Harden, who signed a four-year, $118 million extension with the Rockets last July, became eligible for the designated player veteran extension by virtue of making the All-NBA team.
According to Wojnarowski, Harden will now earn $228 million guaranteed through the end of his contract.
“Since he arrived in Houston, James has exhibited the incredible work ethic, desire to win, and passion to be the best that has made him one of the most unique and talented superstars in the history of the game,” Rockets owner Leslie Alexander said in the team’s statement. “Additionally, the commitment he has shown to our organization, the City of Houston, and Rockets fans all over the world makes him a perfect leader in our pursuit of another championship.”
On June 20, the Houston Chronicle‘s Jonathan Feigen reported the Rockets planned to sign Harden to another extension.
At the time, a person with knowledge of the Rockets’ plans told Feigen the team planned to extend Harden “at the first opportunity.”
“Houston is home for me,” Harden said, according to the team’s official Twitter account. “Mr. Alexander has shown he is fully committed to winning.”
According to the terms of his 2016 extension, Harden will earn $28.3 million next season and $30.4 million during the 2018-19 campaign before the new DPVE terms kick in.
The MVP runner-up last season, Harden averaged 29.1 points, a league-high 11.2 assists and 8.1 rebounds while shooting 44.0 percent from the field and 34.7 percent from three.
Contract information courtesy of Spotrac.com.
Read more NBA news on BleacherReport.com